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if a transaction is pending will it automatically be taken out of my available balance or should I just subtract it from my available balance

candace, lewiston
December 23, 2014 01:27:00 PM

2 people recommended this |
1 Response

In reply to candace, lewiston

That’s a great question, Candace and we're glad you stopped by! We'll be happy to simplify pending transactions and available balance for you.
Pending Transactions are authorized or submitted items that have not yet posted to your account. When items post, they are reflected in your statement history. Pending Transactions may affect your available balance. For example: If you use your debit card for a $50.00 purchase, your available balance should immediately decrease by that amount. That $50.00 transaction should show as a “PURCHASE AUTHORIZATION” under the pending transactions section of Online Banking. When the transaction posts to your account, it will show in your account history.
Your Available Balance is the amount of money you can use without incurring an overdraft fee. It includes any deposited funds that have been made available to you, minus any pending transactions (purchases and ATM withdrawals) that the bank knows about. To break it down even further for you, check out this informative video: http://bit.ly/1xdSQf1.
We hope this helps and please let us know if you have any other questions. Enjoy the rest of your day!

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